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Dollar rises against euro, pound, yen a day after Dow record; positive jobs data boosts dollar

The dollar is risings against most major currencies a day after the Dow Jones industrial average closed at an all-time high. Traders also bought the dollar following positive signs on the U.S. job market.

The euro fell to $1.2990 in midday trading from $1.3040 late Tuesday. The British pound fell to $1.5035 from $1.5115.

The Dow closed Tuesday at 14,253.77, beating the previous closing record by nearly 90 points.

Payroll processor ADP says private employers added 198,000 jobs in February. The figure suggests that Friday's February jobs report from the U.S. government may come in above economists' forecasts.

The dollar rose to 93.65 Japanese yen from 93.29 Japanese yen and 0.9470 Swiss franc from 0.9417 Swiss franc.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 4.19% dw 4.26%  
15 Y Fixed Graph 3.23% dw 3.27%  
30 Y Fixed Jumbo Graph 4.68% up 4.59%  
5/1 ARM Graph 3.34% dw 3.45%  
5/1 Jumbo ARM Graph 3.85% up 3.54%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.38% dw 4.39%  
$50K HELOC Graph 4.11% -- 4.11%  
$30K Loan Graph 4.98% dw 4.99%  
$50K Loan Graph 4.40% -- 4.40%  
$75K Loan Graph 4.40% -- 4.40%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.90% dw 2.91%  
36 M Used Graph 3.40% dw 3.44%  
48 M New Graph 3.15% dw 3.19%  
48 M Used Graph 2.90% dw 2.97%  
60 M New Graph 3.16% dw 3.22%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.35% up 0.34%  
1 yr Graph 0.67% dw 0.67%  
5 yr Graph 1.38% -- 1.38%